6 & 12 Garden Avenue,
East Melbourne, VIC 3002

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2 X BLUE CHIP EAST MELBOURNE BLOCK OF FLATS

- Rare AAA+ East Melbourne Art Deco Blocks with all the charm and character of the roaring 1930s

- Unprecedented income strength being fully leased and having a strong history of minimal to zero vacancy one of Victoria's tightest residential rental markets

- Quality existing character Art Deco fit outs with light filled apartments, timber floors, distinctive high ceilings

- Enormous potential for value add and rental uplift through refurbishment / releasing of existing flats

- Opposite the world famous MCG & 7 min walk to the Melbourne CBD via Treasury gardens

- Future development potential providing for elite residential, hotel, or accommodation outcomes (STPA)

- Encompassing a landmark East Melbourne landholding of over 756sqm*

6 Garden Avenue, East Melbourne
6 light filled one (1) bedroom apartments returning a rental of $105,000 per annum*

12 Garden Avenue, East Melbourne
9 oversized studio apartments returning a rental of $135,000 per annum*

East Melbourne, 3002 demographic data

The median household income for East Melbourne is $2,345, 23% higher than Greater Melbourne's household income of $1,901. East Melbourne has an older age profile compared to the rest of Greater Melbourne (median age 42 vs 37). Property ownership data shows 39% of property owners in East Melbourne have a mortgage.

4,896

Population

$2,345 per week

Median household income

42 years

Median age

Renters

Most residents

Families

Most households

CBRE - VIC

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000